Broker-dealer and crypto trading platform INX Digital has entered the bidding contest for the assets of bankrupt cryptocurrency lender Voyager Digital, announcing a nonbinding letter of intent Wednesday.
The firm joins other suitors, including crypto exchange Binance, which CoinDesk reported earlier this month was preparing to bid for the lending platform. CEO Changpeng Zhao subsequently confirmed the story.
Voyager's July bankruptcy filing in the U.S. Southern District Court of New York was quickly followed by a bidding war for its assets. FTX won that battle, but the bidding reopened following that exchange's own bankruptcy two weeks ago.
INX unveiled its INX One platform in September, intended to allow trading of cryptocurrencies as well as security tokens that are registered with the U.S. Securities and Exchange Commission.
Last year, INX became the first company to complete a security token offering registered with the SEC. The offering raised $85 million from more than 7,000 investors.